AASB 102 allows which of the following to be capitalised into the cost of inventories?
A) Selling costs.
B) Normal costs of material wastage.
C) Storage costs for finished goods.
D) Administrative overheads.

Question

Quizplus · Accepted Answer

Normal costs of material wastage can be capitalised into the cost of inventories according to AASB 102, as they are considered to be a part of the costs of production.

AASB 102 Allows Which of the Following to Be Capitalised